Phoenix Investors Acquires 670K SF Industrial Facility In Kankakee For Capital Improvements

Phoenix Investors acquired a former Heinz Pet Food industrial facility located at 1551 East Willow Street in Kankakee. The property comprises 670,000 square feet and features significant attributes such as 87-foot clear heights and 41 dock doors. Additionally, the site has a power capacity of 43 MW.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 1551 East Willow Street
• Market: Kankakee
• Square Footage: 670,000
• Buyer: David M. Marks & Frank Crivello - Phoenix Investors

David M. Marks and Frank Crivello plan to implement capital improvements on the site. These enhancements include white-boxing, upgrading to LED lighting, and the addition of new dock doors, aiming to modernize the facility for either single or multi-tenant industrial use.